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March 28, 2025
Cushman & Wakefield seeks approval to switch parent company's address to Bermuda
Global real estate consultancy Cushman & Wakefield is seeking approval from shareholders and a court to move its parent company from England to Bermuda to reduce its "administrative burden" and associated costs.
March 27, 2025
New York approves new rules to address ‘unsightly’ scaffolding
New York may finally be seeing less of its ubiquitous construction scaffolding — often described as an eyesore — that’s said to stretch over 400 miles.
March 26, 2025
Suburban Atlanta county halts data center approvals to review impacts
A county with one of the highest concentrations of data centers in the Atlanta area is tapping the brakes on approving new data centers as officials examine how the real estate type is impacting power supply, water and sewer and quality of life.
March 26, 2025
DC expands tax breaks for converting offices to residences
The Washington, D.C., government is taking steps to lure people to live in the city’s core by expanding its tax breaks for office-to-residential conversions and granting a 20-year tax abatement to a pair of projects that would turn workspaces into homes.
March 24, 2025
Canadian federal election next month to involve debate over real estate, taxation issues
Canadians are set to go to the polls on April 28 as Prime Minister Mark Carney, a former chairman of major real estate investor Brookfield Asset Management, looks to lead the Liberal Party to a fourth victory in an election expected to include debate over property and taxation issues.
March 20, 2025
Indian Hotels Company Limited secures 'Taj' as owned trademark
The High Court of India has declared that Indian Hotels Company Limited brand Taj Hotels, Resorts & Palaces possesses the right to claim the name “Taj” as a company trademark, thus avoiding infringement of a name that is recognized in India and beyond.
March 18, 2025
Legislators look to fine-tune Florida’s affordable housing law
Lawmakers in Florida are moving to fine-tune the state's affordable housing law, potentially granting tax incentives sooner and placing further restrictions on the regulatory powers of local governments.
March 14, 2025
This Southern California city hopes to spur housing development through conversion perks
Another California city wants to fast-track the conversion of commercial properties into housing by removing zoning hurdles and adding perks for developers.
March 14, 2025
Real estate attorney Jay Epstien's impact extends beyond retirement
Even in retirement, Jay Epstien continues to gain accolades for his support of the commercial real estate law profession.
March 11, 2025
Los Angeles bans 'renovictions' in latest tenant protection move
Los Angeles leaders want to prevent multifamily landlords from using so-called "renovictions" as an excuse to remove tenants in the wake of the most destructive wildfires in California history.
March 5, 2025
Canadian real estate industry braces for fallout from trade war with US
Christopher Wein isn't looking to boycott American products, but the chief operating officer of Canadian apartment developer Equiton says supporting business in his country matters more than ever now that the United States has officially started a trade war. So does having a supply chain he can count on.
March 4, 2025
SL Green sued for allegedly skipping payments at high-profile Manhattan building
Retirement investment giant the Teachers Insurance and Annuity Association of America, with some $1.4 trillion in assets under management, has filed a lawsuit against SL Green Realty that accused it of payment default at a high-profile New York building.
March 2, 2025
Ontario Progressive Conservatives win third straight majority on promise to fight tariffs
The Progressive Conservative Party of Ontario cruised to a third majority government in Canada's largest province as Premier Doug Ford campaigned aggressively against the threat of tariffs implemented by the United States. The Conservatives also promised to deliver measures that would enable homes to be built more quickly.
February 27, 2025
CoStar World News for Feb. 27
February 26, 2025
Judge dismisses racketeering charges against New Jersey political boss
A New Jersey judge has controversially tossed out a racketeering indictment against political kingmaker George Norcross III and five co-defendants who were charged with unlawfully scheming to secure property and millions of dollars in tax incentives for redevelopments on the Camden waterfront.
February 25, 2025
WeWork settles eviction battle at largest London office
WeWork and its landlord Almacantar have reached a settlement in a High Court battle over the co-working group's flagship 290,000-square-foot office in London.
February 19, 2025
LA officials may let developers self-permit projects to speed up fire rebuilding
As Los Angeles recovers from the most destructive wildfires in California history, local officials are considering a strategy to speed up and simplify the rebuilding process.
February 18, 2025
These areas of the country are expected to lose the most from US tariffs
Upcoming tariffs on Canadian imports into the United States are anticipated to wreak havoc on some urban areas north of the border, while other cities can expect to feel less harm from the trade taxes set to take effect next month.
February 14, 2025
Saks to close Neiman Marcus headquarters in Dallas
Neiman Marcus is seeking to exit its Dallas headquarters less than two months after getting bought by luxury retail rival Saks.
February 13, 2025
New York real estate executive pleads guilty to wire fraud
Elchonon “Elie” Schwartz, CEO of New York-based Nightingale Properties, pleaded guilty to wire fraud in federal court after raising nearly $63 million from investors for what the U.S. Justice Department said was a scheme involving two commercial real estate projects.